Property Information

Location

Miles

6 miles east of Huntingdon, 14 miles north-west of Cambridge

Roads

A1 (M), A14, A141

Air

London Stansted, Heathrow and Gatwick

Situation

St Ives is an affluent market town in Cambridgeshire, some 14 miles north-west of Cambridge. The property occupies a prominent position on the southern side of Market Hill, where St Ives weekly markets are hosted. Nearby occupiers include Boots, HSBC, Greggs and M & Co.

Tenure

Freehold.

Description

The property comprises a double fronted retail unit with first and second floor ancillary accommodation.

VAT

VAT is applicable to this lot.

EPC

Available in legal pack.

Tenancy & Accommodation

Floor

Use

Floor Areas (Approx)

Tenant

Term

Rent p.a.x

Reversion

Ground First Second

Retail Ancillary Ancillary

433.68 sq m 110.03 sq m 121.56 sq m

(4,668 sq ft) (1,184 sq ft) (1,308 sq ft)

PEACOCKS STORES LIMITED (1)

5 years from 18/04/2019 on a full repairing and insuring lease (2) (3)

£60,000

17/04/2024

Total

665.27 sq m

(7,160 sq ft)

£60,000

(1) For the year ending 25 Aug 2018, Peacocks Stores Limited reported a turnover of £564,266,000, pre-tax profits of £66,506,000 and a total net worth of £146,493,000. (Source: Experian Group 12/06/2019)(2) The lease is subject to a schedule of condition.(3) The lease provides an option to determine on 18/04/2022.